Logistics Viewpoints

AUGUST 31, 2023

Today’s article comes from Kyle Franklin, Senior Solutions Consultant, Lucas Systems, and looks at warehouse distribution errors. Automating inventory and replenishment can also help avoid stockouts and missed sales opportunities. How many future parts might I have purchased from this vendor? What do I mean by missed sales?

Distribution 149

Distribution Vendor Strategies How To Inventory Reduction 149

Logistics Viewpoints

MARCH 21, 2024

This article is from Scott Mullins, EVP of Operations and COO at Lucas Systems, and looks at self-distribution in healthcare systems. Self-distribution is an increasingly popular option for healthcare systems to consider when deciding how to manage their supply chain.

Supply Chain Planning Software 143

Supply Chain Planning Software Optimization Software Supply Chain Software Inventory Reduction 143

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like?

Inventory Reduction 83

Inventory Reduction Eliminating Excel in Purchasing Inventory Waste Reduction 83

Logistics Bureau

MAY 24, 2021

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”. Let’s Start with Safety Stock.

Inventory Reduction 118

Inventory Reduction Inventory Supply Chain Planning Software Supply Chain Software 118

Logistics Bureau

DECEMBER 20, 2021

Every article we publish covering logistics and supply chain KPIs piques our website visitors’ interest and receives a wealth of positive feedback. In addition, those articles inevitably stimulate readers to post questions, which, over time, we try to answer in detail by creating new blog posts to address them. million)/2 = 6.76.

Inventory Reduction 112

Inventory Reduction Inventory Cost Reduction Purchasing Skills 112

Logistics Bureau

MAY 30, 2022

In this post, we explain what those pillars are, why they matter, and how to align them in a way that supports supply chain management excellence. Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. For example: Alignment of strategy and cost leads to happy shareholders.

Inventory Reduction 118

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 118

Ship Monk

MAY 5, 2022

In past articles we’ve looked at some of the signs that it’s time to change your 3PL, and tips for finding the right fulfillment partner. There are a few different ways to go about the big move, so it’s a matter of choosing the strategy that keeps your sales and fulfillment operations flowing smoothly throughout the transition.

Inventory Reduction 52

Inventory Reduction Vendor Strategies Cost Reduction 3PL 52

GlobalTranz

DECEMBER 18, 2015

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. Yesterday we published the top 10 most read manufacturing articles of 2015. . Top 10 Supply Chain Articles from 2015. Read the full article here. .

Article 71

Article Supply Chain Software Supply Chains Inventory Reduction 71

Logistics Bureau

MARCH 14, 2018

1: Holding Excess Inventory. Despite years of knowledge dissemination in the warehousing field, encouraging lean practice and inventory reduction, storing too much inventory is still one of the most common warehousing mistakes made by supply chain organizations worldwide. 2: Failing to Optimize Picking Paths.

Warehousing 109

Warehousing Inventory Reduction Cost Reduction Expense Reduction 109

3PL Links

MAY 19, 2024

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Demand and inventory planning is a critical procedure that holds the key to success. quarterly or monthly).

Inventory Reduction 48

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 48

Logistics Viewpoints

DECEMBER 5, 2023

This article is from Patrick Byers, DevOps Engineer at Lucas Systems, and looks at cybersecurity planning frameworks. This plan should outline specific steps to be taken in the event of a breach, including who to contact and how to contain and mitigate the damage. Employee training is a crucial component of any cybersecurity strategy.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Vendor Strategies 159

Logistics Viewpoints

FEBRUARY 28, 2023

This article is from Natalie Walkley, Director of Product Marketing OMS at Koerber. Omnichannel is a centralized strategy that enables businesses to coordinate, streamline, simplify and speed up fulfillment of orders that have been placed through different channels (online, retail, etc.).

Optimal Sourcing 128

Optimal Sourcing Inventory Reduction Sourcing Strategies Vendor Strategies 128

Logistics Bureau

MAY 31, 2021

The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

FourKites

DECEMBER 11, 2020

What is inventory carrying cost? Inventory carrying cost, or more simply referred to as “carrying cost,” is the sum of all the costs associated with holding inventory or stock in storage or warehouse. Inventory carrying costs are something that anyone who sells a physical product has to deal with. Inventory Service Cost.

Inventory Reduction 52

Inventory Reduction Cost Reduction Expense Reduction Resource Reduction 52

EazyStock

APRIL 13, 2022

What is a supply chain strategy? A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Supply chain strategies have come into the spotlight as volatile demand and complicated global markets have made supply chains more complex.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Cost Reduction Supply Chain Planning Software 52

Ship Monk

FEBRUARY 24, 2024

How much are you spending on manufacturing, shipping, marketing, customer support, logistics services, and order fulfillment services? You never want to cut corners on these, or any, crucial areas of your ecommerce brand. There are many different models and formulas for strategically ordering inventory.

eCommerce 105

eCommerce Inventory Reduction Tips Waste Reduction 105

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations.

Supply Chain Planning Software 118

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 118

Logistics Bureau

NOVEMBER 23, 2020

ARTICLE SUMMARY. Three rules are really important in inventory management. Excess inventory. 3) Draft an Inventory Policy. If you don’t have an inventory policy: 1) You won’t get consensus. Three rules are really important in inventory management. Reduce the Inventory, Make Significant Savings.

Inventory Reduction 62

Inventory Reduction Inventory Expense Reduction Supply Chain Planning Software 62

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 118

Cost Reduction Purchasing Skills Waste Reduction Material Savings 118

Logistics Bureau

DECEMBER 24, 2024

In this article I will outline, firstly, the reasons why organisations outsource logistics activities, and secondly, what the key drivers are for outsourcing success. the warehousing front, checking performance against just a few industry KPIs can quickly help managers determine how effective their operations are.

Outsourcing 62

Outsourcing Warehousing Negotiating Skills Purchasing Skills 62

Ship Monk

APRIL 28, 2023

In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet.

eCommerce 97

eCommerce Waste Reduction How To Material Savings 97

Ship Monk

AUGUST 5, 2020

Each method comes with its advantages and disadvantages, which is exactly what we’ll be exploring in this article! By opting for FBA, your store becomes automatically eligible for Amazon Prime, virtually eliminating anything but the best shipping options for your customers. . Let’s get started. FBA (Fulfilled by Amazon).

How To 87

How To Inventory Reduction Price Reduction Purchasing Skills 87

Blue Grace Logistics

NOVEMBER 3, 2021

What’s in this article: What is the drop trailer program and why is it needed? How to decide if you should invest in a drop trailer program. Need to reduce loading and unloading time : Many shippers pay a heavy cost for detention due to wait time and excessive loading and unloading time. 3 advantages of the drop trailer program.

Cost Reduction 62

Cost Reduction Resource Reduction Inventory Reduction Supply Chains 62

Logistics Bureau

NOVEMBER 23, 2024

1: Holding Excess Inventory Despite years of knowledge dissemination in the warehousing field, encouraging lean practice and inventory reduction, storing too much inventory is still one of the most common warehousing mistakes made by supply chain organizations worldwide.

Warehousing 78

Warehousing Inventory Reduction Cost Reduction Waste Reduction 78

Blue Grace Logistics

NOVEMBER 21, 2023

How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 Market conditions play a crucial role in shaping challenges professionals face when managing their organization’s supply chains.

Supply Chain Software 97

Supply Chain Software Supply Chains Optimization Software Modeling Software 97

Logistics Bureau

DECEMBER 19, 2022

If you browse through the Logistics Bureau blog, you’ll find at least two or three articles—and about the same number of videos—that cover warehouse product slotting. Slotting is all about optimising the placement of warehouse SKUs to gain efficiency , increase productivity , and reduce operational costs. Pretty good, right?

Production 112

Production Inventory Reduction Cost Reduction Resource Reduction 112

Logistics Viewpoints

JUNE 22, 2023

Today’s article comes from Matt Boland at Koerber Supply Chain, and examines how technology can help improve on time in (OTIF) performance. Ultimately it allows the measurement of a business’ ability to deliver on their promise while capturing the highest gross margin on their inventory investment.

Supply Chain Software 121

Supply Chain Software Supply Chains Modeling Software Optimization Software 121

SYSPRO Smarter ERP

NOVEMBER 8, 2021

A year before, in 2014, a Harvard Business Review article pointed out that supply chains were becoming increasingly global and complex and consequently more at risk than before. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

Ship Monk

SEPTEMBER 30, 2020

How Will Prime Day Be Different This Year? In terms of challenges, you may be looking at rapidly declining inventory levels as well as delays in shipping. How Will Prime Day Affect Holiday Season Sales? Here are some questions you should ask yourself: Do I have enough inventory? How will I resolve them? Let’s talk!

How To 98

How To Inventory Reduction Eliminating Excel in Purchasing Optimization Software 98

Logistics Bureau

SEPTEMBER 4, 2023

With that question answered, I’m giving the rest of this article over to highlighting several business and supply chain issues, which, if you are experiencing them in your enterprise, are potent indications that CTS analysis should be on your agenda —for execution at the soonest. We’ll begin with a look at pricing strategy.

Negotiating Skills 110

Negotiating Skills Purchasing Skills Cost Reduction Analysis 110

Material Handling and Logistics

AUGUST 10, 2018

So how can you better control your indirect spend? This article will look at three major issues that come up time and time again. But I often see companies that have more cutting tools, for example, than they need. If a specification changes or new tools come online, this excess inventory may end up in the trash.

Negotiate Pricing 90

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Solutions 90

Logistics Viewpoints

JUNE 13, 2022

Loose coupling reduces all types of dependencies and the complexities around adding new functionality to an existing application or integrating that solution with other solutions from other vendors. But the inventory planning systems that forecast where inventory will be needed are not. No forecast is perfect.

Supply Chain Planning Software 186

Supply Chain Planning Software Digital Optimization Software Supply Chain Software 186

Logistics Bureau

JUNE 14, 2021

Those withstanding the supply chain turmoil were the ones with solid risk mitigation strategies and playbooks in place and investment already sunk into supply chain resilience. Partnering with suppliers and service providers that pursue and implement flexible strategies. Contingency planning and business-recovery playbooks.

Supply Chain Planning Software 78

Supply Chain Planning Software Optimal Sourcing Supply Chains Inventory Reduction 78

Logistics Bureau

NOVEMBER 9, 2020

This is especially true when it comes to cycle times linked to inventory. Key Cycles to Target for Working Capital Reduction. By shrinking one or more of these cycles, you can impact the cash conversion cycle positively and reduce the need for working capital. How to Reduce Cycle Times. These are: Customer orders.

Material Savings 118

Material Savings Vendor Strategies Inventory Reduction Supply Chain Software 118

Logistics Bureau

OCTOBER 11, 2024

The Changing Role of Procurement Highly successful organisations often see their Chief Procurement Officers (CPOs) proactively driving global procurement strategy, sharing responsibilities with COOs and CFOs on value creation initiatives, and deploying global resources to achieve the ultimate supply chain targets.

Manufacturing Procurement 118

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 118

Logistics Viewpoints

MAY 5, 2022

This article is from Longbow and looks at the ongoing labor shortage and supply chain visibility. Thus, organizations have shifted to keep up with demands, leading them to re–strategize and reframe how to maximize their efficiency with their existing labor force, like adding new processes like?pay To read the full article, click HERE.

Supply Chain Software 121

Supply Chain Software Inventory Reduction Price Reduction Supply Chains 121

3PL Links

AUGUST 29, 2023

Image source: Pexels | Reverse Logistics: How to Reduce The Number of Returns The sale cycle does not finish with the delivery of the product; instead, a new procedure known as Reverse Logistics can begin at that point. What is Reverse Logistics and how does it differ from normal logistics?

Reverse logistics 48

Reverse logistics Expense Reduction Cost Reduction Inventory Reduction 48